Around The Barrel – Crude Oil and Gasoline Outlook as Prices Slide with Demand

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  • 05 Dec '22 at 4:19 pm #48882
    TradersCom
    Keymaster

    WTI Crude oil settled $76.93 down -$3.05 or -3.81%
    More significantly was the high to low of -6.9% giving up gains with a higher dollar and higher yields following the ISM services report.
    Risk assets sold off sharply as did natgas.

    08 Dec '22 at 3:10 pm #49049
    TradersCom
    Keymaster

    WTI crude #oil settled -55c to $71.46

    The Keystone pipeline rally of over $3.50 jump was wiped away.

    Now at lows last seen in December

    09 Dec '22 at 12:50 pm #48656
    TradersCom
    Keymaster

    Oil prices tumbled further Friday through the Dec. 23 trough of $72.27 to $70.35 with the latest catalyst on report TC Energy planning partial Keyston
    [See the full post at: Around The Barrel – Crude Oil and Gasoline Outlook as Prices Slide with Demand]

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